According to the author, the supply curve fop labor depends on the ______.A.real money wag
According to the author, the supply curve fop labor depends on the ______.
A.real money wages
B.movement of price
C.function of money-wages
D.both A and B
According to the author, the supply curve fop labor depends on the ______.
A.real money wages
B.movement of price
C.function of money-wages
D.both A and B
Home’s demand curve for wheat is D = 100 - 20P. Its supply curve is S = 20 + 20P. Now add Foreign, which has a demand curve D* = 80 - 20P and a supply curve S* = 40 + 20P. Home imposes a specific tariff of 0.5 on wheat imports. a.Determine the effect of the tariff on the welfare of each of the following groups: (1) Home import-competing producers; (2) Home consumers; (3) the Home government. b. Show graphically and calculate the terms of trade gain, the efficiency loss, and the total effect on welfare of the tariff.
A、A, B, C.
B、B, C, A.
C、B, A, C.
D、C, A, B.
E、none of the above.
A plastics monopolist faces the demand curve P=180 - Q, where Q is measured in thousands of pounds per year and P is measured in dollars per pound. Marginal cost is constant at MC=$60 per pound.
(a)Find the monopolist's profit-maximizing price and quantity.
(b)What is the elasticity of demand at the profit-maximizing price?
A、C, A, B.
B、B, A, C.
C、A, B, C.
D、They are of equal elasticity.
E、More information is needed.
B.the rate at which demand changes when price changes
C.how responsive the quantity demanded is to changes in price
D.the percentage-slope of the demand curv
E.None of these correctly defines what price elasticity of demand measures.
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